Thailand proposes 10 year visas and land ownership for foreigners - again

[webfact]

File photo for reference only

 

By Jonathan Fairfield

 

Plans to offer 10 year visas to “rich” foreigners, which would also enable them to own land and work without a work permit, are set to be put to Cabinet for approval.

 

Deputy Prime Minister Supattanapong Punmeechaow has said the plans were already approved in principle by the Centre for Economic Situation Administration (CESA) on June 4. 

 

The proposals, which were first mooted back in April, will go before Cabinet as part of a series of plans designed to boost investment into Thailand.

 

Previously it had been reported that the government planned to attract one million foreigners to become expats in Thailand.

 

The would-be expats would have healthy bank balances or pension pots and would generate up to one trillion baht for the Thai economy, it was estimated.

 

The expats would be divided into four groups:

 

1. ‘Rich’ global citizens

2. ‘Wealthy’ retirees

3. Digital nomads - or professionals working from Thailand

4. Highly skilled professionals

 

‘Rich’ global citizens would need to be able to prove income of at least $80,000 over the last two years and have $1 million in assets. They would also need to be able to invest at least 16 million baht in property or government bonds.

 

The ‘wealthy’ retirees are defined as those who are aged 50 or over and who can invest 8 million baht in property or government baht, while also being able to show a minimum annual income of $40,000.

 

The digital nomads would need to be earning $80,000 for the last two years or $40,000 a year and would be self employed or employed by a company overseas but which are able to use Thailand as a location to work from. 

 

They would be able to ‘work’ in Thailand without needing a work permit. They would also need to show educational qualifications of a master’s degree or higher or at least five years experience in their field.

 

The final group are the highly skilled professionals SET-listed companies or from a company with an annual income of more than $50 million.
 

However, it is not clear exactly what ‘land ownership’ for foreigners would mean in reality.

 

It had previously been suggested that laws similar to the Condo Act of 2008 would be used to allow foreigners to own land plots in housing developments. Leasehold of land upto 50 years were also being considered. 

 

Thai news site Manager reported that the proposals to lure foreigners with 10 year visas and land ownership are part of wider plans designed to boost investment into Thailand.

 

The plans, backed by the Board of Investment, would also see Thailand become a hub for the electric vehicle industry (EV). 

 

In the report buzzwords such as “Digitalization”, “Decarbonization”, “Decentralization” and “D-risk” were used to describe the plans which would help Thailand reap the benefits of moving towards clean technology.

 

DPM Supattanapong also touted the country’s good healthcare system as a boon in helping attract up to one million high-income foreigners to buy second homes in Thailand.

 

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[ThailandRyan]

Blah Blah Blah Blah Blah, all I hear is the sounds of lips moving and insincerity being bandied about by these clowns.  

[NCC1701A]

"The citizenship by investment programme for Antigua and Barbuda provides a second passport to investors offering visa-free travel to over 160 countries including the UK, EU Schengen zone, Hong Kong and Switzerland.  There are several options for investment to gaining citizenship in Antigua. Investors can choose to contribute $100,000 to the Antigua National Development Fund."

 

https://www.goldenvisas.com/antigua

[Karma80]

All noise until anything happens. The digital nomad visa is a winner for remote workers, but the devil will be in the detail and all the meaningless hoops that will no doubt be added that's out of touch with how globally positioned people actually work.

Edited July 17, 2021 by Karma80

[lom]

We are desperate now said the government.

[Thaiwrath]

11 minutes ago, webfact said:

the government planned to attract one million foreigners to become expats in Thailand.

I would think that Thailand would need to have a democratically elected Prime Minister, and Government, before these million "expats" are going to be enticed to move here.

Not going to get many putting that kind of investment in whilst the military have anything to do with politics.

[WineOh]

Stories like this make me want to vomit all over my keyboard, especially during the crisis we are currently facing.

 

They see us as nothing but cash cows.

That includes all Thais, from the hookers sat on the curb to the billionaire pigs in the highest echelons of Thai society. Where is the humanity, Thailand? Does it even exist here??

 

Sickening stuff! 

Edited July 17, 2021 by WineOh

[NCC1701A]

14 minutes ago, webfact said:

They would be able to ‘work’ in Thailand without needing a work permit. They would also need to show educational qualifications of a master’s degree or higher or at least five years experience in their field.

Mark Zuckerberg

Dropped out of: Harvard

Source of wealth: Facebook

Net Worth: $50 billion

 

Ted Turner

Dropped out of: Brown University

Source of wealth: Turner Broadcasting

Net Worth: $2.2 billion

 

David Geffen

Dropped out of: University of Texas

Source of wealth: Geffen Records

Net Worth: $6.9 billion

 

Michael Dell

Dropped out of: University of Texas

Source of wealth: Dell Computers

Net worth: $37 billion

 

Larry Ellison

Dropped Out of: University of Illinois and  University of Chicago

Source of wealth: Oracle

Net Worth: $70 billion

 

Bill Gates

Dropped out of: Harvard

Source of wealth: Microsoft

Net Worth: $107 billion

 

[Andrew Dwyer]

4 minutes ago, NCC1701A said:

Mark Zuckerberg

Dropped out of: Harvard

Source of wealth: Facebook

Net Worth: $50 billion

 

Ted Turner

Dropped out of: Brown University

Source of wealth: Turner Broadcasting

Net Worth: $2.2 billion

 

David Geffen

Dropped out of: University of Texas

Source of wealth: Geffen Records

Net Worth: $6.9 billion

 

Michael Dell

Dropped out of: University of Texas

Source of wealth: Dell Computers

Net worth: $37 billion

 

Larry Ellison

Dropped Out of: University of Illinois and  University of Chicago

Source of wealth: Oracle

Net Worth: $70 billion

 

Bill Gates

Dropped out of: Harvard

Source of wealth: Microsoft

Net Worth: $107 billion

 

Andrew Dwyer

Kicked out of Bradford University 

Source of Wealth: Pension 

Net Worth: Struggling 

[NCC1701A]

18 minutes ago, webfact said:

DPM Supattanapong also touted the country’s good healthcare system as a boon in helping attract up to one million high-income foreigners to buy second homes in Thailand.

but no vaccine for these super wealthy A type demanding expats who will be leaving Monaco to live in Surin and shop at Lotus? 555.

and i bet after all is said and done you will still have to do 90 day reporting . 

[jacko45k]

Will they need a COE, jab certificates and Covid insurance?

[ezzra]

10 minutes ago, lom said:

We are desperate now said the government.

Indeed, any old trick that we paid never no minds to it before it is now kosher just to bring them "rich" tourists/investors/retirees in to Thailand.. how typical of Thai attitude...

[bojo]

3 minutes ago, Andrew Dwyer said:

Andrew Dwyer

Kicked out of Bradford University 

Source of Wealth: Pension 

Net Worth: Struggling 

Struggling..........................are you sure about that.............I always thought comedians were well remunerated.....................!!

[BE88]

But where do these people live on Mars?

[smedly]

read the first few lines of the requirements and closed the topic

 

stupid nonsense

 

 

[smedly]

30 minutes ago, NCC1701A said:

Mark Zuckerberg

Dropped out of: Harvard

Source of wealth: Facebook

Net Worth: $50 billion

 

Ted Turner

Dropped out of: Brown University

Source of wealth: Turner Broadcasting

Net Worth: $2.2 billion

 

David Geffen

Dropped out of: University of Texas

Source of wealth: Geffen Records

Net Worth: $6.9 billion

 

Michael Dell

Dropped out of: University of Texas

Source of wealth: Dell Computers

Net worth: $37 billion

 

Larry Ellison

Dropped Out of: University of Illinois and  University of Chicago

Source of wealth: Oracle

Net Worth: $70 billion

 

Bill Gates

Dropped out of: Harvard

Source of wealth: Microsoft

Net Worth: $107 billion

 

Prayuth Chan O Cha 

Took over a country by military force

Source of wealth - ###########

Net Worth - ###############

[steven100]

31 minutes ago, jacko45k said:

Will they need a COE, jab certificates and Covid insurance?

nah   !      they just have to show their bankbook

[bkk6060]

I have plenty of investments in my home country.  Investments that continue to appreciate.

Not dead money nothingness in a foreign country that is ruled by a military coup.

I'll stick to the 1900 b retirement extension thank you.

 

 

[cocoonclub]

1 hour ago, ThailandRyan said:

Blah Blah Blah Blah Blah, all I hear is the sounds of lips moving and insincerity being bandied about by these clowns.  

So what do you want? 

[J Town]

4 minutes ago, cocoonclub said:

So what do you want? 

We ALL want quality vaccines. I would bet a large majority of expats would gladly pay for good vaccines, not that dirty dishwater Thailand appears to be invested in.

[worgeordie]

There will be a rush once it comes into law .......????

how will they cope processing  ALL the applicants .

regards Worgeordie

Edited July 17, 2021 by worgeordie

[J Town]

1 minute ago, worgeordie said:

There will be a rush once it comes into law .......????

how will they cope processing  ALL the applicants .

regards Worgeordie

The US embassy sent emails this morning to its registered citizens at 8:27 this morning, informing them of AZ jab availability. I wasn't aware of the email until 9:05. I went to enroll and got the following:

 

[NCC1701A]

13 minutes ago, J Town said:

The US embassy sent emails this morning to its registered citizens at 8:27 this morning, informing them of AZ jab availability. I wasn't aware of the email until 9:05. I went to enroll and got the following:

 

me too. 

[mikebell]

1 hour ago, Andrew Dwyer said:

Andrew Dwyer

Kicked out of Bradford University 

Source of Wealth: Pension 

Net Worth: Struggling 

Mike Bell

Source of wealth - UK State Pension - frozen for 13 years by uncaring Government

Net Worth - Dwindling

Prospects - return to England to raid social services for all I can get.

[ivor bigun]

3 minutes ago, mikebell said:

Mike Bell

Source of wealth - UK State Pension - frozen for 13 years by uncaring Government

Net Worth - Dwindling

Prospects - return to England to raid social services for all I can get.

or keep a UK address ????

[whiteflight]

Make it permanent residency instead of 10 years and it might actually be worthwhile... otherwise it's just a sad joke.

[Rookiescot]

Every time this comes up I always think its not for us westerners its for the Chinese.

[cocoonclub]

44 minutes ago, J Town said:

We ALL want quality vaccines. I would bet a large majority of expats would gladly pay for good vaccines, not that dirty dishwater Thailand appears to be invested in.

Could it be that you are replying to the wrong person? I asked someone else and my question (this whole topic in fact) wasn’t about vaccines. 

[J Town]

1 minute ago, cocoonclub said:

Could it be that you are replying to the wrong person? I asked someone else and my question (this whole topic in fact) wasn’t about vaccines. 

Right - too many tabs open. My apologies.

[Bluespunk]

2 hours ago, Andrew Dwyer said:

Andrew Dwyer

Kicked out of Bradford University 

Source of Wealth: Pension 

Net Worth: Struggling 

I went to Bradford university.
 

You must have put in a real effort (or no effort at all i suppose if you were in Mech Engineering- those guys were serious) to get kicked out of there…kudos. 

Edited July 17, 2021 by Bluespunk